Review And Analysis Of Current Decision Making Theory Research Paper.edited.edited

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Running head: LITERATURE

Review and Analysis of Current Decision-Making Theory

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LITERATURE

Decision making is a critical aspect of our lives affecting the present and even the future

course that life takes. It affects personal lives, professional experiences, organizations, and even

nations. As such, our lives are the product of our decision making, which is more influential than

our place of birth, social-economic status, demographics, and so forth. The process of decision

making merely entails evaluating the various alternatives and possibilities available, ranking

them, and taking the most appropriate action. Campbell, Whitehead, & Franklin (2009) assert

that every single day, individuals are propelled to make decisions with varying levels of

significance. Some of these decisions pertain to small, innocuous, and domestic issues, while

others have a huge impact or magnitude affecting the livelihoods, wellbeing as well as the lives

of others. It is, therefore, critical to ensure that the decision-making process is adequately

undertaken and possible errors eliminated.

Flawed decision making can have devastating impacts on the lives of an individual,

organization, and even a nation. That is why individuals take more consideration and time when

it comes to making an important decision. It's sporadic to have a person who makes a life-

changing decision quickly and on-the-spot. Most individuals prefer to take their time, consider

their options, possible implications as well as the outcome that would result from the choices

made in the long run. The same is also true for an organization which engages the collective

efforts of the management and even special elite teams to consider the directions that an

organization should take by critically analyzing all their option.

However, as our own experiences and various scholarly works indicate, many mistakes

are made along the way. Campbell, Whitehead, & Franklin (2009) show how even intelligent

individuals and organizational leaders make flawed decisions despite their best intentions and

information that has been channeled their way. It is, therefore, essential to take an in-depth

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Running head: LITERATURE 1 Review and Analysis of Current Decision-Making Theory Name Course University LITERATURE 2 Decision making is a critical aspect of our lives affecting the present and even the future course that life takes. It affects personal lives, professional experiences, organizations, and even nations. As such, our lives are the product of our decision making, which is more influential than our place of birth, social-economic status, demographics, and so forth. The process of decision making merely entails evaluating the various alternatives and possibilities available, ranking them, and taking the most appropriate action. Campbell, Whitehead, & Franklin (2009) assert that every single day, individuals are propelled to make decisions with varying levels of significance. Some of these decisions pertain to small, innocuous, and domestic issues, while others have a huge impact or magnitude affecting the livelihoods, wellbeing as well as the lives of others. It is, therefore, critical to ensure that the decision-making process is adequately undertaken and possible errors eliminated. Flawed decision making can have devastating impacts on the lives of an individual, organization, and even a nation. That is why individuals take more consideration and time when it comes to making an important decision. It's sporadic to have a person who makes a lifechanging decision quickly and on-the-spot. Most individuals prefer to take their time, consider their options, poss ...
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